Stocks in Asia Mostly Edge Higher as Investors Await U.S. Jobs Report in April

Stocks in Asia mostly increased on Thursday as investors are waiting on the U.S. jobs report in April to see the economic outlook.


Asia markets mostly traded higher on Thursday after the market in Japan and China are back from a long holiday, while investors are waiting for the U.S. job report for April to get a glimpse on the economic outlook.

 

As of 8:54 local time in Thailand on May 6, 2021, Nikkei jumped 1.95%, SSEC rose 0.16%, HSI gained 0.93%, ASX 200 fell 0.44% and Kospi advanced 0.63%.

Yesterday, SET Index closed at 1,549.22 points, decreased 33.91 points or 2.14% with a trading value of 127 billion baht.

 

The U.S. jobs report for April is due on Friday, May 7, 2021, while economists stated that payrolls could easily reach 1 million after 916,000 jobs were added in March as hiring seems to have strengthened amid the reopening of businesses in the U.S.

 

Oil prices saw little change during Asian trading hours in the morning of Thursday. The West Texas Intermediate (WTI) rose 0.02% to US$65.64/bbl and the global benchmark Brent crude  increased 0.10% to US$69.03/bbl.

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